• View All Products
  • Perennial Value
  • Value Shares
  • Value Shares for Income
  • Value Smaller Companies
  • Perennial Growth
  • Growth Shares
  • Growth High Conviction Shares
  • Socially Responsive Shares
  • Perennial Real Estate
  • Australian Property
  • Global Property
  • Sustainable Global Property
  • Perennial Fixed Interest
  • Cash Enhanced
  • Cash
  • Australian Fixed Interest
  • Tactical Income
  • Global Bonds
  • Perennial International
  • International Shares
  • Global Shares High Alpha
  • Asia Shares
  • Japanese Shares
  • Multi-Boutique
  • Balanced
  • Capital Stable
  • Core Australian Shares
  • Partners Trust

• How To...
  • How to make an initial investment
  • How to make an additional investment (for additional investments into a trust in which you already have an investment)
  • How to switch your investments
  • How to transfer units
  • How to withdraw your investments
  • How to change your information

• Trust Objective
• Suitable Investor Profile
• Fund Facts
• Investment Summary
• Unit Prices
• Distribution
• Performance and Fees
• Publications

Trust Objective

To provide a total return after fees that exceeds by 3% - 5% p.a. the rate of return of cash investments, as measured by the UBSA Bank Bill Index.

Back to Top 

Suitable Investor Profile

This Trust may be suitable for investors with an investment horizon of five years or more and who seek capital growth via a diversified exposure to investments listed on overseas stock exchanges and who can accept the short term fluctuation in price typically associated with such investments.

Back to Top 

Fund Facts

Investment Approach

Perennial International seeks to identify quality companies with sustainable long-term growth at reasonable valuations with the underlying belief that these companies will show consistent earnings growth and be eventually positively re-valued by the market.

The Trust is run in a benchmark unaware, absolute return philosophy.

Investment Strategy

The Trust will invest in a diversified portfolio of global shares with an aim of delivering an absolute return to investors.

The portfolio will invest in a range of global companies which Perennial International, the investment manager, believes offer quality earnings potential and long term growth prospects at attractive prices. The portfolio will hold a select number of companies (usually between 40 and 60) listed on overseas sharemarkets. To further enhance potential returns, Perennial may also take advantage of tactical opportunities as they occur. Perennial aims to deliver an absolute return to investors and may therefore invest up to 50% of the portfolio into cash to preserve capital.

The cash level of the portfolio (maximum holding of 50%) will reflect Perennial International's confidence that markets could continue to provide positive returns. Perennial International is not attempting to be a "market timer" but rather be cognisant of the forces that could result in a broad sell off such as rising interest rates, resurgent inflationary pressures or economic malaise.

The Trust is authorised to utilise derivative instruments for risk management purposes, subject to the specific restriction that they cannot be used to gear portfolio exposure.

Currency exposure is generally left unhedged. However, currency hedging may be taken in periods of extreme currency volatility i.e. currency risk may be hedged in circumstances where it is considered that the Australian dollar is trading at significantly undervalued levels.

Back to Top 

Investment Summary

Perennial Global Shares High Alpha Trust

Minimum Investment	$25,000
Minimum Added Investment	$5,000
Risk/Return Profile	High
Returns achieved mainly through	High
Income Distribution	Half Yearly
Minimum Recommended Investment Period	5 years

Back to Top 

Unit Prices

Back to Top 

Distribution

Perennial Global Shares High Alpha Trust

Frequency	As at	Reinvested NAV Price($)	CPU	Fund Payment CPU *	Discounted Capital Gain CPU
Half Yearly	30/06/10	0.7287	0.0000	0.0000	0.0000
Half Yearly	31/12/09	0.7138	0.0000	0.0000	0.0000
Half Yearly	30/06/09	0.6095	0.5291	0.0000	0.0000
Half Yearly	31/12/08	0.6065	1.8000	0.0000	0.0000
Half Yearly	30/06/08	0.9249	0.0741	--	--
Half Yearly	31/12/07	1.0375	0.4000	--	--
Half Yearly	30/06/07	1.0554	7.9566	--	--
Half Yearly	31/12/06	1.0767	0.0000	--	--
Half Yearly	30/06/06	1.0055	0.9109	--	--

* A fund payment is a payment made by a Managed Investment Trust that represents a distribution of its Australian sourced income (other than dividends, interest and royalties).

Back to Top 

Performance and Fees

Perennial Global Shares High Alpha Trust

PERFORMANCE TABLE	1 MONTH % P.A.	QUARTER % P.A.	FIN. YEAR TO DATE % P.A.	1 YEAR % P.A.	2 YEARS % P.A.	3 YEARS % P.A.	5 YEARS % P.A.	SINCE INCEPT. % P.A.	FEES
As at 31/7/2010									Entry Fee (%)	NIL
GROSS PERFORMANCE	0.0	-0.2	0.0	15.0	-6.3	-8.4		-2.7	Exit Fee (%)	NIL
BENCHMARK (MSCI World ex Australia Accum.)	0.7	-2.8	0.7	0.5	-5.6	-10.3		-5.9	Management Fee (% pa)	1.15
VALUE ADDED	-0.7	2.6	-0.7	14.5	-0.7	1.9		3.2	Performance Fee	NIL
NET PERFORMANCE	-0.1	-1.2	-0.1	12.6	-7.8	-9.9		-4.1	Buy/Sell Spread (%)	0.80

Average Annual Compound Rate of Return

As at 31/7/2010	GROWTH RETURN % P.A	INCOME DISTRIBUTION RETURN % P.A.	TOTAL RETURN % P.A	BENCHMARK % P.A *
1 Year	12.6	0.0	12.6	0.5
3 Years	-11.1	1.3	-9.9	-10.3
5 Years
Since Inception	-6.8	2.7	-4.1	-5.9

Back to Top 

Publications

Back to Top